Huawei Technologies CFO arrested in Canada, accused of violating Iran sanctions

This is the best tl;dr I could make, original reduced by 52%. (I'm a bot)

TORONTO - Canadian authorities in Vancouver have arrested Huawei Technologies Co.'s chief financial officer at the request of the U.S. government for alleged violations of Iranian sanctions, the latest move by Washington to crack down on the Chinese cellular-technology giant.

Ms. Meng, the daughter of Huawei's founder, Ren Zhengfei, serves as the company's CFO and deputy chairwoman.

Ms. Meng's arrest comes amid a year-long U.S. government campaign against a company it views as a national-security threat.

A Huawei spokesman said Wednesday that Ms. Meng was arrested while transferring flights in Canada.

In 2007, Ms. Meng served as a board secretary for a Huawei holding company that owned Skycom Tech, a Hong Kong-based company with business in Iran and employees who said they worked for "Huawei-Skycom," according to a person familiar with the matter.

U.S. authorities have suspected Huawei's alleged involvement in Iranian sanctions violations since at least 2016, when the U.S. investigated ZTE Corp., Huawei's smaller Chinese rival, over similar violations.

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